Purchasing management, analysis, planning and practice

Jessop, David

doi:10.1016/0969-7012(94)90010-8

Cited by 3 publications

(1 citation statement)

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“…The construction purchasing management mainly contains three parts: (1) supplier selection, (2) supplier evaluation, and (3) sourcing process optimization. With the available literature, it is shown that the theory and practice of purchasing management in manufacturing industry are already well developed [4,5], while there still remains a lot of work to do in the construction industry. To date, there are some scholars conduct excellent researches on applying those effective purchasing management philosophies in the construction industry [2,6].…”

Section: Introductionmentioning

confidence: 99%

Selecting Service Suppliers in Construction Supply Chains with a Critical Chain Model

Wei

Ying

2013

AMM

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This paper considers the service supplier selection problem in a construction project consisting of multiple tasks, wherein there are several alternative suppliers bidding for each task. Due to the extensive varieties among the suppliers, the right ones should be chosen for each task to achieve the management objectives. With a critical chain model we proposed from the entire construction supply chains view, we derive the effective managerial implications to guide the service supplier selection, as well as the construction supply chain management in monitoring and controlling the project duration.

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Section: Introductionmentioning

confidence: 99%

Selecting Service Suppliers in Construction Supply Chains with a Critical Chain Model

Wei

Ying

2013

AMM

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Procurement risk management under uncertainty: a review

Zhou

Lee

Zhang

2018

IMDS

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Purpose The purpose of this paper is twofold, first providing researchers with an overview about the uncertainties occurred in procurement including applicable approaches for analyzing different uncertain scenarios, and second proposing directions to inspire future research by identifying research gaps. Design/methodology/approach Papers related to supply chain risk management and procurement risk management (PRM) from 1995–2017 in several major databases are extracted by keywords and then further filtered based on the relevance to the topic, number of citations and publication year. A total of over 156 papers are selected. Definitions and current approaches related to procurement risks management are reviewed. Findings Five main risks in procurement process are identified. Apart from summarizing current strategies, suggestions are provided to facilitate strategy selection to handle procurement risks. Seven major future challenges and implications related PRM and different uncertainties are also indicated in this paper. Research limitations/implications Procurement decisions making under uncertainty has attracted considerable attention from researchers and practitioners. Despite the increasing awareness for risk management for supply chain, no detail and holistic review paper studied on procurement uncertainty. Managing procurement risk not only need to mitigate the risk of price and lead time, but also need to have sophisticated analysis techniques in supply and demand uncertainty. Originality/value The contribution of this review paper is to discuss the implications of the research findings and provides insight about future research. A novel research framework is introduced as reference guide for researchers to apply innovative approach of operations research to resolve the procurements uncertainty problems.

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Risk and Uncertainty Factors in Managerial Economics

Muneer

2024

Advances in Human Resources Management and Organizational Development

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The concept of risk in managerial economics encompasses various unexpected events such as natural disasters, risk, economic challenges, uncertainty or product failures that lead to undesirable outcomes. Risk arises from incomplete information about future events, which makes the results unpredictable. The inherent uncertainty of the future because of the unpredictable nature of the universe, further complicates the understanding and management of risk. Scientific uncertainty, defined as any deviation from complete determinism, illustrates the difficulty in clearly defining risk. Sometimes managerial economics explores risk through its two primary dimensions, highlighting its complexity and the challenges it presents to decision-makers.

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Purchasing management, analysis, planning and practice

Cited by 3 publications

References 0 publications

Selecting Service Suppliers in Construction Supply Chains with a Critical Chain Model

Selecting Service Suppliers in Construction Supply Chains with a Critical Chain Model

Procurement risk management under uncertainty: a review

Risk and Uncertainty Factors in Managerial Economics

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